Holders of 5 to 15 years policies, the most popular range, meanwhile, are assured annual return of 6 percent per annum on sum insured. [break]
Likewise, under the pre-paid anticipated plan, the company has promised annual returns of 6.2 percent to policyholders who have insured their lives at the company for 20 years and 6 percent for those buying 15-year policies. “The new rates will apply till the next actuarial valuation is carried out,” Nepal Life Insurance said issuing a statement.
Asian Life launches pension insurance plan
KATHMANDU: Asian Life Insurance on Wednesday launched a new insurance product, Asian Pension Life Insurance Plan, in the market. According to the company, the product is a combination of endowment and pension insurance plan through which people can save their present day income and get back regular income during retirement period. “The product is open to all insurable population and people of all profession,” Asian Life Insurance said in a statement. The company has also promised to unveil more new products that will financially and socially secure the future of people.
Asian Life Insurance has so far mobilized premium income of Rs 1.3 billion in this fiscal year and its total premium income stands at over Rs 3.78 billion. The company has also decided to distribute bonus shares worth 8.29 percent of the paid-up capital to its shareholders from the earnings made in the last fiscal year. After the distribution of bonus shares, its paid-up capital will touch Rs 495.96 million. Asian Life is presently operating with 20 branche offices and 66 sub-branches across the country.
Mega Bank AGM approves IPO launch
KATHMANDU: The second annual general meeting of Mega Bank has approved the issuance of 6.99 million shares worth Rs 699 million allocated for the general public through initial public offering (IPO), a statement issued by the bank said. "The IPO shall be launched soon as the aim is to have the shares listed on the Nepal Stock Exchange within the current fiscal year," the statement quoted Dr Madan Kumar Dahal, chairman of the bank, as saying. The bank at present has 28 branch offices and is providing remittance services from over 500 different locations of the country.
Dohom brand of CFL in market
KATHMANDU: Gyan Enterprises, a subsidiary of KL Dugar Group, has launched Dohom brand of CFL bulbs in the market. “Dohom CFL bulbs are of international standard and will enable customers and the country to better manage power consumption at a time when the country is reeling under a serious power crisis,” the company said in a statement issued on Wednesday. According to the statement, Dohom´s products are ISO 9001:2008, GB/T19001-2008 and CQC certified and have the capacity to bear load of 110-280 voltage. The company is also providing guarantee on the products.
Related story
NLIC AGM nod for 30% bonus shares
